Piper Sandler Downgrades Synopsys as AI Chip Shift Creates Headwinds
Piper Sandler downgraded Synopsys to Neutral, citing AI-driven chip industry shifts, risks to its IP business, and a challenging outlook for 2026.
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Intel Stock Gets a Boost as Demand for Data Center Chips Surges
KeyBanc upgrades Intel to Overweight with a $60 target, citing strong data center demand, near sell-out of server CPUs, and possible price increases in 2026.
Bakkt Acquires DTR: Analyst Sees Strong Growth Ahead
Bakkt agrees to acquire Distributed Technologies Research in $150M stock deal. Clear Street analyst rates it a Buy with $39 target as stablecoin business expands.
Supreme Court Denies Hertz Appeal: $320M Owed to Bondholders After COVID Bankruptcy
US Supreme Court rejects Hertz's challenge to $320M+ bondholder payment ruling from its 2020 COVID bankruptcy, requiring make-whole premiums and higher interest rates.
Abercrombie & Fitch Shares Drop as Holiday Sales Miss Expectations
Abercrombie & Fitch stock plunged after disappointing holiday sales results, triggering a broader selloff in retail stocks including American Eagle and Urban Outfitters.
Chinese Food Delivery Stocks Jump on Regulatory Probe Into Price Wars
Chinese food delivery stocks surge as regulators investigate price wars. Meituan, Alibaba, and JD.com rally on hopes authorities will end costly subsidy battles.